Land for sale in Downs Road, Luton, Bedfordshire LU1

Freehold for sale on downs road in luton with ground rent from 4 flats

- Freehold for sale
- Ground rent from 4 flats
- Established residential area of Luton, Beds
- Luton mainline Railway within 1 mile
- 1 miles off Junction 10 of M1 Motorway

Please note: You are only buying on the freehold and will not own the properties on the land.

Freehold £65,000.00

details:

This listing is for the freehold only the rent generated, will only be from the annual ground rent from the 4 flats. All of the flats have been sold leasehold

Location

Luton is a vibrant market town with a population of over 200,000 residents and businesses and is situated approximately a 1hour drive to London or a 30 minute train ride from Luton to St Pancras International Station.

Luton is conveniently accessed via junction 10 and 11 off the M1 motorway making it easy to get to access Luton.

Description

Ultimate Connexions is pleased to present this freehold for sale at a great price

The ground rent is £300 pa x 4 Flats = £1200.00PA, rising to £600pa x 4 Flats = £2400.00 in 2023

Flat 1 is a 3-bed

Flat 2 is a 2-bed

Flat 3 is one bed

Flat 4 is 2-bed,

The leases for each flat commenced on 24/06/2008 for a period of 99 years – as of June 2023,85 years will remain.

Sale terms

For sale: £65,000.00

tenure: Freehold only